[Deleted User]

Posts: 0

September 2011

AndyForsyth

Posts: 2,523

September 2011 So far..... I'm getting the feeling that the majority would rather sit back and let things sort themselves out..... Interesting.....

RAVARDO

Posts: 24

September 2011 The club also twice released more shares, there was 2500 now theres 3500 why dont they release more shares

HOWIE8

Posts: 7,570

September 2011

sambo applecart said:

This is jsut from my perspective, however, if i owned something, and it was MY business, i would be a little annoyed that people are wanting to stick their noses in to what is fundementally a privately owned business/company. The board dont have to do anything they dont wish, whether this is right or wrong, its their choice to run the company/business as they see fit. 

Quite right Sambo. However if we listened to what the leaked meeting, and what Robbie Elstone has said, and again i said listened, then they are trying to do things, but you can only do so much in a climate that means unless you have a multi millionaire, not just a billionaire, thats it. Batten down the hatches and try and make savings everywhere, cut into wages,dip into fundings, i.e how Everton in the community is run, donations and EU money. That is the life of any football club, out of the bounds of European Champs league and big benefactors. Find the big benefactor, and we'll be ok, but im going to repeat it again and not apologise for it, they wont invest into a club on historic charm alone. The ground, the debt, the city economically were in, the fact that globally were not that attractive ( RS, UTD, Chelsea, Arsenal are ), and were the 2nd team in the city to investers(not me). The big benefactor has to, have Everton at heart or they wont come, i.e Everton Billionaires, then we can be changing the board, dont forget BK is only a millionaire with other interests, and the other big money men on the board have little interest in the club while BK is there, and its his club. BK will go if the Everton big benefactors show their hands, until they do we as supporters have to back the team and manager in what they do, under the constraints they have, and pray the 24/7 work BK, and other members say they are doing comes to fruition.
KEEP THE FAITH, dont makes us look even worse to investors, by blind protests, "sack the board", and then what? it makes no sense.

Probus

Posts: 414

September 2011

bluedayz said:

Probus said:

Haven't things happened? Two new loan signings that I would assume we can sign to a fixed price if they are good. Players left that will improve our balance sheet and hopefully will improve our profit and loss account so we show a profit for the year. The club is for sale if there are interested buyers.

Not sure what there is to protest about. Isn't it better to show up as loyal fans and support the team and improve the value of the team to increase interest from buyers? People can also buy T-shirts and other items to furhter increase the income. If you ask other people to put in 10's of millions of pounds a T-shirt can not be to ask for.

Players are assets to the club.... the club who owe the bank money! Not the owners.
We sold Yak, Beckford, Arteta, Vaughan, Pienaar and potentially Yobo... All assets (forming the value of the club)
The 2 loans are NOT assets!

So in conclusion, we have lost 6 assets reducing the value of the club and we are paying the wages of 2 loans unproven in the PL that can not contribute to the value of the club what so ever other than adding to the outgoings in wages.

No wonder the bank wants it's money back! Really bad financial management that is only detriment to the club and if BK is serious about the club being up for sale (although he won't reveal the valuation he has put on the club) then he is less likely to sell now unfortunately!

To be honest I am not sure how football accounting works, but usually assets are written of during a certain period. With football players I assume that the write off period is the same as their contracts and the amount they are valued in the books are the purchase price. I.e Arteta was bought for 2,000,000 which would be his asset value when we bought him. His contract length was 4 years and his asset value should have been written off with 500,000 per year, Beckford was a free transfer, so should not have an asset value, and Yakubu was bought for 11,500,000 on a five year contract so his book value should be a 2,250,000. So for player valued at about 2,250,000 as asset we got 14,000,000 in cash ) which is also an asset. So if that's how football players area valued in the bookd, it has improved our assets.